Investment Summary

Beringea Invests In Avid Ratings

On September 4, 2018, private equity firm Beringea invested in information technology company Avid Ratings

Investment Highlights
  • This is Beringea’s 9th transaction in the Information Technology sector.
  • This is Beringea’s 32nd transaction in the United States.
  • This is Beringea’s 2nd transaction in Wisconsin.

Investment Summary
Date 2018-09-04
Target Avid Ratings
Sector Information Technology
Investor(s) Beringea
Deal Type Venture

Target

Avid Ratings

Madison, Wisconsin, United States
Avid Ratings is a customer experience technology company exclusive to the homebuilding industry. Avid products & services are used by homebuilders, building product manufacturers, dealers & distributors, remodelers, contractors, and other home professionals to measure and strengthen their customer experience, improve operational efficiencies, manage brand reputation, increase online visibility, and generate sales. Thousands of home industry professionals depend on the AvidCX platform and experienced team for measuring, analyzing, and improving the level of quality they deliver. Avid Ratings was founded in 1992 and is based in Madison, Wisconsin.

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Investor(S) 1

Investor

Beringea

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.

DEAL STATS #
Overall 85 of 103
Sector (Information Technology) 9 of 9
Type (Venture) 42 of 56
State (Wisconsin) 2 of 2
Country (United States) 32 of 39
Year (2018) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Popular Pays

Chicago, Illinois, United States

Popular Pays is a software company that connects brands with creators to enable an agile approach to advertising for brands, and powerful monetization opportunities for creators. Popular Pays was founded in 2013 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Festicket

London, United Kingdom

Festicket is the world’s largest portal for music festival experiences. Festicket empowers music fans with a seamless service to discover and book tickets and travel packages for over 1200 music festivals worldwide. The two-sided marketplace uses a network of over 4000 accommodation and travel suppliers to create end-to-end experiences. Festicket was founded in 2013 and is based in London, United Kingdom.

Buy -
Mergr

Product

Company

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